Member Info for faramog

If anyone missed it CC has staked next years production as 4,300-4,500 mtv .. rather more than this year and unlike FM where I never believed him, I rather feel this ought to be solid if not exceeded

Yes .. a good point @HC .. but if a player wanted a large holding, then buying into the market might rapidly inflate the price, so swings & roundabouts ... just depends on where they see the SP heading and how undervalued they feel it is

I would guess an RNS this afternoon announcing the final numbers

Well HC .. we will see

Over-subscription is a key indicator of market belief I would have thought.. and Craig (plus other directors) are subscribing.

Whilst the extra dilution is a pain, the breakdown of the spend plan rather indicates that many upgrades will be covered and the sustaining capex looks to be for over 12 months ..... so irrespective of vanadium price recovery, the company survives, builds, lowers costs, increases capacity and becomes more stable

A very good base ..... given what CC has done in 5 months it rather shows how poor FM really was at the big table ! There was this much touted 'In Fortune we trust' mantra .. well, I never subscribed to that.... but gotta say I rather trust Craig ... everything so far has been pretty top quality: lean off, focus, survive, build

All parties are in agreement .. it is clearly now waiting for the super slow stage bank approval

That will be why the extension ...

Yes @HC .. just shows that shorting down works !

Awwww.. @Beginerman... I am welling up

No wait... Just wind.... Ahhh

Oh get lost Beginerman .. you have gaslighted all and sundry on here .. jog jog jog

Any more than I am bothered by anything you say ... I dont filter yet as you provide amusement over my afternoon coffee.. jog on

In all your very very many post @Beginerman, I note not one analytical comment .. you seem to just post jibes and find fault with everything ... why did you invest (assuming you have) ? What analytical criteria did you use (or was it you got suckered in by ra-ra and no feel bitter

@beginerman .. it is also the strategy of getting rid of drag, non generative elements and cash drains

the talk of disposal ignores the acquisition made as well (bee part of vametco). the net overall 'bushveld' production will be (back of a *** packet) 5% lower, but with lower costs, risks and admin costs

Nice one @Agricore

.. reminds me of Lionel's Big Picture (see 3rd Oct 2020 for the last post of it https://www.lse.co.uk/profiles/lionelgreen/?page=8)

Someone very kindly messaged me about HMHG's stupid post of 11:29 .

Well goaty McGoatface .. The SP did reach 30p and kept on going .... glad to help

Given AIM is very irrational (and a very large amount of money has left over the past 18 months), charting is pretty irrelevant - I view it with amusement

70+ normally says 'overbought' ... 'go time' tends to be when RSI is

I guess as much for cost and practicality reasons, but also for control, IES pre-fill their containers prior to shipping. This does limit the amount of storage per container (because of weight), but lowers the costs overall and space is rarely a real problem with double stacking.

As the mishap (or filibuster) showed, it takes very little to cost a great deal !

Dream on Fosters.... that may be possible but not in the next couple of years I recon ...

But it is aim and you never know when the spotlight moves

Well .. it all really did look possible ... what we did not know of course was ... (already covered at length and now in the past) .... worth remembering that the '30p' equivalent mcap at a PE of 10 would need an eps of 1.33p (with 2.5b shares) .... a stretch but not a big one

of course .. after all the dilution.. that £1 rockets out (and i never subscribed to it) .. basically, if you have held 6 years you have (after all the orion splurge) then if we get diluted to 2.5b shares then what you had at the peak would need an equivalent sp of almost 21.6p (for an mcap of £541m), and for the 30p party equivalent would be 13.4p (that i do see as realistic)

i see no realistic possibility of that any time soon

but then again the picture looked ok until probably 2 years ago... even then it was all in hand

of course what did not see was

- vanadium pricing falling through the floor

- fm utterly incapable of mining detail

- we did not know how bloated the staff count was

- we suspected, but we're not sure mn was all **** & vinegar

- the kiln expansion & refurb plan was put on the back of a *** packet

- maintenance was a 2nd thought

we now know better .. and i for one, see a competent pair of hands at the helm .. i will not get back to the value i could have realised .. but hey ... it is all a learning curve

'if'.. pmsl

Oh look.. flying by .. oink oink

3 weeks I reckon.... As I understand it the SGM timing takes 3 weeks (could be wrong) so realistically 3 weeks until called

At that point everything will be in place and all parties bound (Chikka confirmed that to my query a few weeks ago)